Blog & News

The Low-Doc Paradox

We are asked frequently “Do you do low-doc?” ‘Low-doc’ is a term most referred to in the consumer lending space. It used to refer to self-certified income declarations or a looser approach to income verification for serviceability purposes. There is a paradox in the...

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Election Dilemma

We cannot, not talk about the election this week. In an earlier Newsletter we predicted a July Election and we said it was Malcolm Turnbull’s election to lose and so it is apt to repeat Bill Shorten’s well-chosen words, “we don’t know who’s won yet, but we do know who...

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Overseas Investor Loans

If you have overseas investors facing difficulty obtaining finance to complete purchases off-plan or developers with completion risk due to overseas investors needing finance, call us immediately. We are able to provide low-doc finance, pure and simple. We will look...

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How Brokers Can Improve Borrower’s Certainty

The greatest value of a finance broker is the ability to provide certainty. Their services appeal most to those who either don’t know where to get the best deal or who have fewer finance options; the speed with which certainty is provided matters to the borrower for...

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Obtaining an Offer of Finance

To obtain a letter of finance requires a bit more information, especially if you want a meaningful, legal document to satisfy the needs of your client: From this information, it is possible to produce a legal document offering structured finance. In our case, 98% of...

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Foreign Investor Completion Risk

A perfect storm has hit developers in the form of restriction to bank lender to foreign investors, as the clampdown on investment withdrawals from China and the softening of new apartment sale prices as supply begins to outstrip demand. For developers with a high...

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The Deal We Did Not Do (And Are Happy About It!)

It is as much fun as it is sometimes informative to look at the applications we refused, than those we accepted. In this case, it was a family trust acquiring a commercial property in Melbourne with a contract price of $5 million, seeking a loan of $4,000,000 (80%...

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The Mezz Trap

An increasing number of applications are being received for mezz finance on construction projects so we thought it would be useful to look at mezzanine funding.   ‘Mezz Finance’ is a subordinated credit facility that sits behind the prior position of a senior...

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Development Finance

We see a lot of applications for development finance and the first question we ask ourselves is, “Why is this not bankable?” More often than not the introducer will site the lack of pre-sales or limited equity. These two reasons are understandable, but we find through...

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